PE Today: Rallyday Closes its Second Fund at $205 Million

Read the top headlines from Tuesday, April 19, 2022 below:

Nexa Equity Injects $75 Million into Ticketing Software

Private equity firm Nexa Equity, which targets the lower-middle market, announced a $75 million investment in digital ticketing and events software company HomeTown Ticketing. The business focuses on schools, districts, conferences and associations with its technology designed to modernize what have historically been bespoke and manual ticketing and event management processes. HomeTown Ticketing will use the growth investment to fuel product innovation as demand for its solution grows, a press release said.

Eagle Merchant Partners Acquires Stake in Deep Cleaning Franchisor

Eagle Merchant Partners, a private equity firm focused on franchise, industrial and multi-unit consumer middle-market companies, has said in a press release it acquired a stake in deep cleaning services provider Enviro-Master Services. The business operates in the health and safety services market with its cleaning, sanitation and disinfection solutions, while it also offers hygienic products. Enviro-Master Services is the tenth franchise investment from Eagle.

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Rallyday Partners Closes Oversubscribed Second Fund

Private equity firm Rallyday has announced the closure of its second fund, Rallyday Partners Fund II LP, oversubscribed at $205 million. Ten institutional limited partners participated in the funding, Rallyday said in its press release, adding it will continue to focus on the lower middle-market across industries, as it did with its first fund. In its announcement, Rallyday noted that the LPs that contributed to the fund are “all mission-based and committed to supporting the growth of emerging industry leaders,” though Rallyday did not identify particular industries which it will look to invest in with its latest fund.